dayofdubai | Al Ansari Exchange & Al Ansari Exchange Services Merge to Form the Largest Exchange Company in the UAE

Monday, Jun 19, 2023
Hijri Date
℃ Dubai, UAE

Business

ID Number 13203
Aug 08, 2023
202

Al Ansari Exchange & Al Ansari Exchange Services Merge to Form the Largest Exchange Company in the UAE

Al Ansari Exchange and Al Ansari Exchange Services have actually recently been merged completely after getting the required authorizations from all official entities. The merged Al Ansari Exchange Company currently creates the largest exchange and compensation residence in the UAE with an operating funding of AED 1.2 billion. It gets over 35 per cent market share locally and supplies its services through more than 175 branches and implements greater than 80,000 purchases daily.

Mohammed Ali Al Ansari, Chairman and Managing Director, Al Ansari Exchange, said: "We are certain that the current merger will be a significant boost for Al Ansari Exchange to continue excellence and improve client service and focus on infrastructure advancement and functional efficiency in the coming period, in accordance with our critical plan to open greater than 25 new branches in the coming 2 years."

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